Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
NZD/USD still strongly bearish
2019-11-11 • Updated
NZD/USD is recovering from the 0.6816 low and looks to test the 200 SMA around the offer area of 50% (0.7008). If the pair manages to break above it, further gains could happen on the way to test the 0.7200 psychological level. However, we expect that Kiwi finds dynamic resistance around the moving average and it can reach the -23.6% Fibo level of 0.6725.
RSI indicator is moving in the positive territory.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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